Market reference update: Contract examples below may be historical. See the official exchange resources for current listings and terms.
Copper futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of copper (eg. 25 tonnes) at a predetermined price on a future delivery date.
Copper Futures Exchanges
You can trade Copper futures at London Metal Exchange (LME) and New York Mercantile Exchange (NYMEX).
LME Copper 'A' Grade futures prices are quoted in dollars and cents per metric ton and are traded in lot sizes of 25 tonnes (55116 pounds).
NYMEX Copper futures are traded in units of 25000 pounds and contract prices are quoted in dollars and cents per pound.
Official futures market resources
Use the exchange pages for current contract specifications and margin information. Quotes may be delayed or require sign-in. Margin requirements vary by position and broker.
| Exchange & futures product | Market information | Margin information |
|---|---|---|
| COMEX Copper (HG) | Quotes / market data Contract specifications | View margin information |
| LME Copper | Quotes / market data Contract specifications | View margin information |
Exchange references reviewed 2026-09-12. Educational examples and exchange names elsewhere in this article may be historical.
Copper Price Chart — CFD Reference
OANDA Copper CFD reference price. This broker CFD (contract for difference) is a market reference, not a spot price or an exchange futures contract. Prices and quoting units may differ from the contracts described in this guide. Check the widget timestamp and market status; prices may be delayed.
Copper Futures Trading Basics
Consumers and producers of copper can manage copper price risk by purchasing and selling copper futures. Copper producers can employ a short hedge to lock in a selling price for the copper they produce while businesses that require copper can utilize a long hedge to secure a purchase price for the commodity they need.
Copper futures are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from favorable copper price movement. Speculators buy copper futures when they believe that copper prices will go up. Conversely, they will sell copper futures when they think that copper prices will fall.
Learn More About Copper Futures & Options Trading
- Buying Copper Futures to Profit from a Rise in Copper Prices
- Selling Copper Futures to Profit from a Fall in Copper Prices
- Copper Options Basics
- Copper Call Option Trading Basics
- Copper Put Option Trading Basics
- Hedging Against Rising Copper Prices with Copper Futures
- Hedging Against Falling Copper Prices with Copper Futures
